# Table 10: Shapley-Owen R² Decomposition

| Variable Group | Variables | Shapley R² | Share (%) |
|:---|:---|---:|---:|
| Z | Z_1, Z_2, Z_3 | 0.0158 | 21.4% |
| S-I | savings_investment_gap | 0.0426 | 57.7% |
| Gross | gross_assets_gdp, gross_liab_gdp | 0.0154 | 20.8% |
| **Total** | | **0.0737** | **100%** |

*Shapley-Owen decomposition of R² for ca_gdp.*
*Controls (fiscal_bal_gdp, nfa_gdp_lag, log_rel_opw, kaopen) included in all subsets.*
*Common sample: N=3834, 149 countries.*